https://watcher.guru/news/sec-meme-coins-are-generally-not-securities-under-federal-law
“The offer and sale of meme coins does not involve an investment in an enterprise nor is it undertaken with a reasonable expectation of profits”
😁😁😁
Discussion
Let it rain memes, flood it with shitcoins.
well, I agree. hahahah
SEC concludes the crypto hype cycle has shed any pretense of financial legitmacy and evolved into pure, unregulated gambling.
Sounds like this will add a lot of fuel to the shitcoin dumpster fire.
People will get rekt relentlessly - good for bitcoin adoption possibly